Absa House Price Indices
Category Market News
The first quarter of 2014 saw nominal year-on-year growth in the average value of homes in the middle segment of the South African housing market remaining in single digits, with price growth accelerating in two categories of housing. Base effects are a prominent factor in the latest trends in price growth.
Current trends in and prospects for the economy and the household sector are expected to impact the property market, with single-digit nominal house price growth forecast for the rest of 2014. Virtually no real house price growth is projected for this year, based on the combined effect of expected trends in nominal price growth and inflation.
Click here to find HPI - March 2014 for your perusal.
Author: Betterbond & ABSA
